5 cheapest, most expensive states for running a business

According to a report from cloud software company approve.com, Texas is the cheapest state to run a business in as of Oct. 2021.

By: Claire Wallace

Thursday, September 1st, 2022

The report considered factors including average annual wages, tax rates and utility prices.

Five cheapest states for running a business:

1. Texas

2. Oklahoma

3. Kentucky

4. Nevada

5. Georgia

Five most expensive states for running a business:

1. California

2. New Jersey

3. Vermont

4. District of Columbia

5. Iowa

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